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Jim *******
This is a summary of
Jim *******
's contributions to the platform. They have posed 4 questions and added 1361 comments.

QUESTIONS

COMMENTS

Jim ********
@Felipe ********
It's still classified as a "remittance" for taxation purposes. It's still bringing money into the country
Jim ********
You'll need to ask your immigration office if it is their requirement
Jim ********
@Julien *******
Although you can be deemed a tax resident of Thailand, depending on your own personal situation and the DTA with your home country, you may also be deemed a tax resident of that country, in which case the DTA will decide which country has precedence over your taxation
Jim ********
@Felipe ********
What
@John *********
says is correct, although there are other factors which come into the equation, most significantly the DTA relevant to your country. It is more important to read this document and absorb its contents before even seeing a tax "expert", many of whom have already given misleading information on Facebook groups
Jim ********
@Alex ********
Using a credit card is also considered a "remittance".
Jim ********
@Felipe ********
He means after 180 days you are "deemed" to be a tax resident. Being deemed does not necessarily mean you will be assessed for tax, or whether you will even need to submit a tax return. It is simply the first step
Jim ********
@Jeff ******
Sounds like you're a real winner. Buying houses on land that you can't own! What could possibly go wrong? I don't pay money to anyone. My tenants and the Australian taxpayer pay for my apartments and houses, whilst my name is on the title deeds! 👍👍
Jim ********
@Jeff ******
50% CGT discount for Aussie Tax Resident, negative gearing means the taxpayer is helping pay off my mortgages. It's a cake-walk, and no stupid restrictions on purchases like in Thailand, 51% ownership crap everywhere, and proving money comes from overseas and is taxable. No thanks. I'll rent and have the flexibility.
Jim ********
@Jeff ******
I own six investment properties in Australia. I don't base my success on "the baht that I don't lose", I base it on the hundreds of thousands profit I make. What has the Orange Man got to do with anything?
Jim ********
@Jeff ******
Anyone who can't afford to buy in Thailand must be some homeless desperado, but those with financial acumen and commonsense would never buy property in Thailand